My Hyperliquid Journey #6 & #7 | A Slow Grind Up ...

With the Bull Run potentially going into its last parabolic phase, I'm starting a new series of posts as I'm trying out the Hyperliquid Platform in an attempt to get something going there...

IF YOU ARE LOOKING TO TRY HYPERLIQUID, MAKE SURE TO USE A REFERRAL LINK AS THAT WILL REDUCE YOUR FEES!!

Hyperliquid Journey

I haven't really been trading that actively on Hyperliquid as I'm just not sure enough where the market is going in the short term as September traditionally seems to be a bad month. I didn't make a report last week and I also won't make them in weeks where not that much happens. The next step is that I kind of want to use these posts more as a trading journal where up until now, everything has been super random which isn't really a recipe for succes. Especially knowing that this is a platform where for every winner there needs to be a loser while there also are fees which is why the majority loses money.

That said, I'm glad that I managed to grind my way up again in the past weeks without getting liquidates on any of my positions and without the market doing that well.

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Week #6 & #7 Trading Journey

I closed my $PUMP 5x long at 0.00348$ which turned out to be a local top before going higner after I got in at 0.00288. This made me a 300$ profit.

I also partially had a Spot position of 200k $PUMP which I got in at both a 0.0034$ and 0.0029$ price with the theory that is was below the 0.004$ ICO price. I still hold this position and it's at a +280$ Profit.

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I also continue to hold my 1000 $TON position open which is currently still sitting at a loss and it's mainly costing me a lot of funding rate as I so far paid 25$ to keep it open while it doesn't look like it will break to the upside anytime soon. I originally wanted to take a Spot position but they are not offereing that.

I do wonder if you need to pay a funding rate when doing a x1 leverage so I just asked ChatGPT which confirmed that a funding fee needs to be payed also on those which kind of makes sense as otherwise it would just be available on spot also which it isn't.

I also closed my $IMX trade at a small profit even after playing some funding rate. It was more a whishfull thinking play and the main problem with these is a combination of getting charged a constant fee for having it open combined with the risk of getting liqudated at any given point. That also just feels more likely compared to a randoim crazy pump out of nowhere on coins like that.

Aside from this I opened a small $TAO position mostly because I have been watching that range between 300$ and 460$ a lot always going up when it reaches the lower levels and going down again when reaching the higher levels. Right now this is still around break even and I will keep it open to see where it goes with an eye to close it in case it would go up again near the higher regions.

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Watchlist

I'm still waiting for $FARTCOIN to go lower and might set a buy order both on Spot and Leverage at around 0.5$ in case it would get there.

2 weeks ago	Now

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I do have a buy order just above 1$ for $SPX which is close to getting filled.

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I'm also looking at $STX which seems to be around a support line and which is trading on Hyperliquid. However, it might just break that line and dip way back down while I have zero info on any of the fundamental.

$WLFI kind of feels similar to $PUMP as it's now trading below the 0.2$ initial investors price. I would need to look deeper into it though before I consider taking a small long gamble.

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Results So Far

So far it's been a quite steady grind up despite market conditions.

I have

• 2211 USDC Liquid funds to potentially deploy
• 883$ USDC in Open Leverage Trades
• 1394$ USDC in Open Spot Trades
• 467$ USDC in my Staked Hype

Week	Total deposit	Total Balance	Week	Total
#01	500$	500$	0$	0$
#02	1000$	959$	-41$	-41$
#03	4000$	4384$	+415$	+384$
#04	4000$	5250$	+866$	+1250$
#05	4000$	4404$	-846$	+404$
#06	4000$	4671$	+267$	+671$
07	4000$	4989$	+318$	+989$

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Conclusion

I continue to slowly and cautiously grind on Hyperliquid having some funds available to deploy in case there would a a liquidation event. I can only be pleased with how things have gone so far and I'm still having fun with the platform.